Based on the scenario given above, the inventory turnover equals 4.79. Check more about the term below.
What is inventory?Inventory is a term that is used for all items, goods, and materials held by a business that are meant to be sold in the market to get a profit.
Based on the scenario given above, since Giorgio had cost of goods sold of $9,101 million, ending inventory of $2,089 million, and average inventory of $1,900 million. Its inventory turnover equals, the inventory turnover equals 4.79.
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Why did the speaker decline to grant product endorsements to marketers after her study was published?
The reason why the speaker declined to grant product endorsements was that she said that she would have been going beyond science and good scientists are careful not to do this.
What is an Endorsement?This refers to the personal indication or seal of approval that is given to a particular item or a company about something to give it credibility.
Hence, we can see that from the complete text, there is the narration of the product endorsements and why the speaker did not give one because it would go beyond science.
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Conducting an inaccurate self-assessment can lead you to work at a job that you do not enjoy. please select the best answer from the choices provided t f
When you Conduct an inaccurate self-assessment it can lead to working at a bad job that you do not enjoy : i.e Statement in the question is TRUE
What is self assessment ?Self assessment is the evaluation of the performance of oneself which is based on a preset standard. Self assessment can help us to determine t areas in our personality that requires improvement , which in turn will enable them make important decisions.
In Conclusion When you Conduct an inaccurate self-assessment it can lead to working at a bad job that you do not enjoy.
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The 1990s court case concerning advertising of ________ is especially concerning to businesspeople who believe that commercial speech should be protected by the First Amendment.
The 1990s court case concerning advertising of tobacco is especially concerning to businesspeople who believe that commercial speech should be protected by the First Amendment.
What is advertisement?Advertisement can be defined as the process of creating product or brand awareness.
Business people believe that commercial speech which is a form of advertising of a product is to be protected so as protect people form advertisement that can be mislead.
Therefore the 1990s court case concerning advertising of tobacco is especially concerning to businesspeople.
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When delivering 2023 leaf, explain there are three ways to initiate standard and trickle charging. What are they?.
Three ways to initiate standard and trickle charging are Immediate, remote and timer charging
What is charging?Charging is the process of transferring energy or power to a particular energy source.
We have timer charging and remote charging which helps in power transfer.
Therefore, Three ways to initiate standard and trickle charging are timer and remote charging.
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A student made a table in Excel and enters data in an adjacent cell. What is an advantage of making the table in an Excel worksheet?
Excel automatically adds the data from the adjacent cell to the table.
The user has the option to include the adjacent data in the table.
Adjacent cells can be filtered according to the data in the table.
Table headings are automatically applied to data in the adjacent cell.
The advantage of making the table in an Excel worksheet is that the adjacent cells can be filtered according to the data in the table.
What is an adjacent cells?In a Spreadsheet, these are cell that is in the same row and adjoins the current cell in a worksheet.
Hence, the advantage of making the table is that the adjacent cells can be filtered according to the data in the table.
Therefore, the Option C is correct.
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smart manufacturing is achieved by instituting employee surveillance and monitoring.
For a manufacturing process to be smart instituting employee surveillance and monitoring is very important.
What is Smart Manufacturing?Smart Manufacturing also called CAD/CAM, computer aided design and computer aided manufacturing involves the integration of computer in the production of goods and services.
In recent times the concept of internet of things is being added to smart manufacturing for data collection
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A CFP professional is a Registered Investment Advisor managing 120 million in assets. One of his clients sends a complain letter to the CFP professional, complaining that some trades were not executed properly. During the investigation, it is discovered that the client never received the firms form ADV. Which governing body has the ultimate authority over lack of regulatory disclosure for this matter
SEC reviews the information and have the authority of regulatory disclosure for the ADV.
What is SEC and how it works?SEC is a Securities and Exchange Commission in United States who regulates the nation's securities industries.
The basic functions of the SEC is to protect the investors, capital formation and maintain the fairness in the market.
SEC is the governing body which has the authority in the case of ADV form.
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Penny knows that she needs to file her federal income taxes, but she is unable to do so by April 15. What form does she need to complete to obtain an automatic six-month extension
"Penny knows that she needs to file her federal income taxes, but she is unable to do so by April 15." The form she needs to complete to obtain an automatic six-month extension is Charity contributions. Tax-deferred income. This is further explained below.
What are Charity contributions?Generally, Charity contributions are simply defined as Donations to charities that may take many forms, but they always benefit non-profits in some way.
In conclusion, there are exceptions to the general rule that you may deduct up to 50% of your AGI, such as the 20% and 30% caps.
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Trago company manufactures a single product and has a jit policy that ending inventory must equal 5% of the next month's sales. it estimates that may's ending inventory will consist of 14,000 units. june and july sales are estimated to be 280,000 and 290,000 units, respectively. compute the number of units to be produced in june.
The number of units to be produced for Trago company in June is 280,500
What is unit of production?Production is the method of turning raw materials or inputs into finished goods.
Calculation of number of units to be produced in June.
June sales units 280,000
Desired ending inventory (290,000 × 0.05) 14,5,00
Units needed 294,500
Beginning inventory (14,000)
June production units 280,500
Hence, the number of units to be produced in June is 280,500
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A company with a wide span of control and short chain of command is a _____ organization. A company with a narrow span of control and long chain of command is a _____ organization. Group of answer choices
1. A company with a wide span of control and a short chain of command is a flat organization.
2. A company with a narrow span of control and a long chain of command is a tall organization.
What is a flat or tall organization?A tall organization is a vertical organization with:
A hierarchical or 'tall' structureMany leaders and layers of managementUses a 'top-down' approachA long chain of commandA narrow span of control A relatively small number of subordinates.A flat organization is a horizontal organization without the features of a tall organization.
Thus, a company with a wide span of control and a short chain of command is a flat organization while a company with a narrow span of control and a long chain of command is a tall organization.
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what is double entry in financial accounting
Answer:
method of recording transactions where for every business transaction, an entry is recorded in at least two accounts as a debit or credit. In a double-entry system, the amounts recorded as debits must be equal to the amounts recorded as credits.
Why are institutionally provisioned technology systems (in other words, systems provided through a university, hospital, or clinic) generally more secure than consumer products
Institutionally delivered technology solutions are more secure than consumer ones because they are focused on healthcare recommendations and improvement.
What is a technology that an institution has provided?It's vital to keep in mind that institutionally provided technology only applies to systems provided by a university, hospital, or clinic.
Institutionally delivered technology solutions are more secure than consumer offerings since they focus on therapeutic recommendations and improvement.
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a project has a total budget of $100, 000 for one year. $40,000 will be used immediaty yo purhcase equipment. How would youu find the project's monthly budget after this purchase
You can find the project's monthly budget after the initial purchase of equipment for $40,000 by dividing ($100,000 - $40,000) by 12, which gives $5,000.
What is a monthly budget?A monthly budget is the allocated amount that can be spent for the month.
A monthly budget can be determined by dividing the total budget for the year by 12.
Data and Calculations:Total yearly budget = $100,000
Equipment purchase = $40,000
Reminder of the budget = $60,000 ($100,000 - $40,000)
Number of months in a year = 12
Monthly budget = $5,000 ($60,000/12)
Thus, you can find the project's monthly budget after the initial purchase of equipment for $40,000 by dividing ($100,000 - $40,000) by 12, which gives $5,000.
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A group of teens in your town meet and agree to charge a flat fee of five dollars per hour for babysitting. They charge the same rate no matter how many children there are, or when the service is needed. Then they divide areas of town on a map between them, agreeing to only serve customers within their respective areas. Within weeks they have gained most of the business in town, driving out other teens that cannot lower their rates. The babysitting market in your town has become
The babysitting market in the town has become an oligopoly.
What is an Oligopoly?An Oligopoly is an industry which is influenced by the firms.
In oligopoly, there are very few sellers and all are influenced by the behavior of the other sellers.
In this market, sellers deal in homogenous product.
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Answer: am oligopoly
Explanation: i got it right
An owner of an apartment complex pays a previous tenant a $50 finder's fee for referring a person who becomes a new tenant. What is this arrangement NOT considered to be
This arrangement is not considered to be : Legal
What is Finders fee ?Finders fee is the commision paid to an individual or group for facilitating a transaction. The arrangement is not considered to be legal unless the previous tenant was also a licensed real estate agent.whom will pay his tax from his earnings.
Hence we can conclude that This arrangement is not considered to be : Legal.
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Which evidence does Gore use to support the idea that climate change is
occurring?
A. Personal observation of faulty events
B. Worldwide events and damages resulting from climate change
C. Hypothetical situations of potential damage
D. Comparisons of disasters that affect culture, religion, and tradition
Gore use to support the idea that climate change is Worldwide events and damages are resulting from climate change.
What is Climate?Climate helps to describe how the weather in particular place is.
It includes the temperature, humidity, sunlight, rainfall and precipitation. The effect of the interaction of this factors determines the climate over a longer period of time.
Therefore, Gore use to support the idea that climate change is Worldwide events and damages are resulting from climate change.
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A tool manufacturer is planning to set up a production plant abroad. It has selected five potential countries based on their population size, stage of economic development, labor costs, and access to world markets. Considering the connection between culture and competitive advantage, which country would be the best investment site for this company
The best investment site for this company is Country B, where education is well-developed and social stratification is lacking.
What is competitive advantage?Competitive advantage can be defined as the factors, conditions, or circumstances that allow a business firm (company) to manufacture finished goods or services better and perhaps, cheaper than other rival business firms (companies) in the same industry.
This ultimately implies that, competitive advantage is responsible for putting a business firm (company) in a superior and more favorable position than its rivals.
In this scenario, we can infer and logically conclude that the best investment site for this company is Country B, where education is generally well-developed and social stratification is completely lacking.
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Having just graduated with a degree in business, Brianna looks over several offers she has received from companies interested in her talents. She is specifically interested in the wage setup each company is offering. One wants her to manage a small store; this would be a salaried position. Another would have her working in a sales office on commission. The third is a spot in a paper company as an hourly sales manager. Brianna has been offered a chance to do per-project work for a retail company, but she would be an independent contractor. Compare and contrast these
Answer:She's just getting started financially and decides not to join her field's major professional association because she thinks it's not worth the annual fee.
Explanation:There u GO!!<3:)
A debt instrument with no ready market is exchanged for property whose fair market value is currently indeterminable. When such a transaction takes place:______.
a. the present value of the debt instrument must be approximated using an imputed interest rate.
b. it should not be recorded on the books of either party until the fair market value of the property becomes evident.
c. the board of directors of the entity receiving the property should estimate a value for the property that will serve as a basis for the transaction.
d. the directors of both entities involved in the transaction should negotiate a value to be assigned to the property.
Nordstrom, Inc. operates department stores in numerous states. Suppose selected financial statement data (in millions) for 2022 are as follows. End of Year Beginning of Year Cash and cash equivalents $ 795 $ 72 Accounts receivable (net) 2,035 1,942 Inventory 898 900 Other current assets 326 303 Total current assets $4,054 $3,217 Total current liabilities $2,014 $1,601 For the year, net credit sales were $8,258 million, cost of goods sold was $5,328 million, and net cash provided by operating activities was $1,251 million. Compute the current ratio, accounts receivable turnover, average collection period, inventory turnover, and days in inventory at the end of the current year. (Round current ratio to 2 decimal places, e.g. 1.83 and all other answers to 1 decimal place, e.g. 1.8. Use 365 days for calculation.)
The current ratio is 2.01 times, accounts receivable turnover is 4.15, average collection period is 87.95 days, inventory turnover is 5.93, and days in inventory at the end of the current year is 61.55 days.
Current ratio, accounts receivable and average collection period1. Current ratio:
Current ratio = Current assets / Current liabilities
Current ratio= $4,054 ÷ $2,014
Current ratio= 2.01
2. Accounts receivable ratio:
Accounts receivable turnover= Net Sales / Average Accounts Receivable
Accounts receivable turnover =8,258/ [(2,035+ 1,942)/2]
Accounts receivable turnover =8,258/1,988.5
Accounts receivable turnover =4.15
3. Average collection:
Average collection period = 365 / Accounts Receivable Turnover ratio
Average collection period=365/4.15
Average collection period=87.95 days
4. Inventory turnover:
Inventory turnover ratio = Cost of Goods Sold / Average Inventory
Inventory turnover ratio=$5,328/(898+900)/2
Inventory turnover ratio=5,328/899
Inventory turnover ratio=5.93
5. Day in inventory:
Day in inventory = 365 / Inventory turnover ratio
Day in inventory=365/5.93
Day in inventory=61.55 days
Therefore the current ratio is 2.01 times, accounts receivable turnover is 4.15, average collection period is 87.95 days, inventory turnover is 5.93, and days in inventory at the end of the current year is 61.55 days.
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Outline FIVE ways how the owner dealt with the crisis experienced in the workplace
The steps that owner/manager can deal with the crisis experienced in the workplace includes:
identifying issuedealing with ittimely communicationalways be preparedlearning from experienceWhat are workplace crises?These means series of problem that arises at the workplace such as worker shortage, work de-motivation, anonymous accusations, bribery, computer tampering, loss of data etc.
However, the management of workplace crises can impact the manager's performance as well if care are not taken
In conclusion, the proper management of the workplace crises will mitigate the negative effect of those crises.
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The _____ consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift _____.
The fewer consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift left.
What is demand curve?Demand curve is a graphical representation that shows how the rate of demand for a particular products and how it varies or changes over a period of time.
Therefore, The fewer consumers there are who would be likely to purchase a given product, the lower its market demand will be, and the demand curve will shift left.
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the ____ phase in the business cycle is a period that marks the end of declining business activity.
Answer:
trough
Explanation:
A trough is the stage of the economy's business cycle that marks the end of a period of declining business activity and the transition to expansion.
Eckert Company is involved in producing and selling high-end golf equipment. The company has recently been involved in developing various types of laser guns to measure yardages on the golf course. One small laser gun, called LittleLaser, appears to have a very large potential market. Because of competition, Eckert does not believe that it can charge more than $88 for LittleLaser. At this price, Eckert believes it can sell 112,000 of these laser guns. Eckert will require an investment of $13,176,471 to manufacture, and the company wants an ROI of 17%. Determine the target cost for one LittleLase.
The target cost for one LittleLase is $68.
How to calculate the cost?In the information given, the investment is given as $13176471. The value of the profit will be:
= 0.17 × 13176471
= 2240000
The profit per gun will be:
= 2240000/112000
= 20.
Therefore, the target cost will be:
= 88 - 20.
= 68
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Artificial Intelligence Inc. sells to Beta Bots Corporation a promising idea for a technological innovation that is still being developed and that looks very promising. This is Group of answer choices ethical and legal. unethical but legal. unethical and illegal. illegal and unethical.
Artificial intelligence Inc. sells to Beta Bots Corporation an idea for technological innovation. This is ethical and legal. Hence, Option A is the correct choice.
What do you mean by being ethical?Being ethical conforming to universal ethical standards. Applied to the work environment, it method that a moral man or woman has a better preference than simply avoiding certain conduct or exercise due to the fact it's far illegal. What matters is that it is probably the incorrect issue to do morally.
Thus, Option A is the correct choice.
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A marketing associate is working on a remarketing strategy for their Search Ads campaign. They want to re-engage high-value customers. Which type of audience will likely have the highest lifetime value?
The type of audience who will likely have the highest lifetime value are People who previously purchased a large number of the website’s products.
What do you mean by high lifetime value customers?A high client lifetime value shows humans shop loads from your store. They seem to be glad about the provider and high-satisfactory so your merchandise should be good.
And importantly, these customers may be brand loyal so you have a risk of developing even more.
Therefore, The type of audience who will likely have the highest lifetime value are People who previously purchased a large number of the website’s products.
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What are the 3 psychological states reviewed in class that may improve engagement in the workplace?
Acceptance, Belonging, Contribution
Acceptance, Contribution, Teamwork
Acceptance, Compensation, Rewards
Belonging, Compensation, Teamwork
Answer:
Experienced meaningfulness: This is a positive psychological state that will be achieved if the first three job dimensions—skill variety, task identity, and task significance—are in place. All three dimensions help employees feel that what they do is meaningful.
What does franchisor mean?
A.
a person who allows another person to use a brand name for a fee
B.
a person who rents one of the units of a hotel chain
C.
a person who owns a hotel chain and rents out a unit for a fee
D.
a person who obtains permission to use a brand name for a fee
Answer:
The correct answer is C) A person who owns a hotel chain and rents out a unit for a fee.
Answer:
The answer should be A
Explanation:
According to dale carnegie, after delivering your main content, you should.
According to the ideas of Dale Carnegie, it can be inferred that we should explain the meaning of our main content (option C)
Who was Dale Carnegie?Dale Carnegie (1888 - 1955) was a noted American writer of books dealing with human relationships and effective communication.
Carnegie was noted for writing about taking responsibility. Additionally, one of the central ideas of his books is that it is possible to change the behavior of others if we change our attitude towards them.
According to this author, once you deliver your main content, you must explain to the public in detail what you meant with your text, in a few words, you should explain what you mean to give greater clarity.
Note: This question is incomplete because the options are missing. Here are the options.
Tell them what you're going to say.
Say it.
Tell them what you said.
Say it again.
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You put up $80 at the beginning of the year for an investment. The value of the investment grows 2% and you earn a dividend of $8.00. Your HPR was
If the value of the investment grows 2% and you earn a dividend of $8.00. Your HPR was 12%.
HOLDING PERIOD RETURN (HPR)Using this formula
HPR=Investment grow+(Dividend/Beginning investment)
Let plug in the formula
HPR=2% + ($8/$80)
HPR=2% +10%
HPR=12%
Therefore If the value of the investment grows 2% and you earn a dividend of $8.00. Your HPR was 12%.
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